Day: January 3, 2025

US ‘likely’ to buy 300k to 400k Bitcoin in 2025: deVere Group CEO

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The United States could acquire up to 400,000 Bitcoins in 2025, according to Nigel Green, CEO of deVere Group.  Green, known for his bullish crypto predictions, believes this Strategic Bitcoin Reserve would cement Bitcoin (BTC) as a cornerstone of U.S. financial policy and drive an unprecedented bull market, according to a note shared with crypto.news. Green’s forecast follows Senator Cynthia Lummis’ Bitcoin Act of 2024, which proposes acquiring one million Bitcoins over five years. While political negotiations may scale back the initial target, Green says it is “likely” the govenment…

IRS Postpones Implementation of New Tax Rules for Crypto Asset Holders Interacting With Centralized Exchanges

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The Internal Revenue Service (IRS) is suspending the implementation of new tax rules that will affect investors who hold crypto assets in centralized exchanges. On July 9th, 2024, the Treasury Department and the IRS published the final rules for determining the order of selling crypto assets held in centralized finance (CeFi) platforms. Investors should choose an accounting method such as the Highest-In, First-Out (HIFO) or the Specific Identification (Spec ID) if their assets are held with a CeFi broker. Otherwise, the First-In, First-Out (FIFO) applies, which means that the earliest…

Analyst Says Dogecoin Price Can Break To $0.48, But This Needs To Happen First

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Este artículo también está disponible en español. Crypto analyst Swallow has predicted that the Dogecoin price could soon rally to $0.48. The analyst also revealed what needs to happen first before the foremost meme coin can enjoy this bullish reversal.  Dogecoin Price To Reach $0.48 But This Must Happen In a TradingView post, Swallow predicted that the Dogecoin price could rally to $0.48. He noted that Dogecoin is currently retesting the broken Exponential Moving Averages (EMAs), where a rejection is likely to happen. The analyst added that there needs to…

XRP Shakes up Crypto Rankings: Third-Largest Market Cap Reclaimed

The digital asset XRP has reclaimed its position as the third-largest cryptocurrency by market capitalization, displacing the stablecoin tether (USDT). XRP Surpasses USDT’s Market Cap in 2025’s Early Rally As of Friday, Jan. 3, 2025, XRP has climbed back to third place in valuation, trailing only bitcoin (BTC) and ethereum (ETH). At 11 a.m. Eastern […] Source CryptoX Portal

Bitcoin Poised For $150K, Research Signals Massive Growth

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Este artículo también está disponible en español. Steno Research predicts a fantastic year for cryptocurrencies in 2025, with Bitcoin seen to reach $150,000 and Ethereum potentially hitting an $8,000 value. Related Reading This projection isn’t just speculative; Steno’s analysis cites a number of positive economic variables, rising institutional interest, and the growing presence of cryptocurrency ETFs. However, the question remains: can these digital assets genuinely reach such amazing milestones? The Crypto ETF Boom: A Game Changer? Bitcoin and Ethereum exchange-traded funds (ETFs) are likely to play a significant role. Bitcoin,…

EOS, IOTA, Hedera prices lead as Bitcoin stalls at $97k

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Popular layer-2 cryptocurrencies like EOS, IOTA, and Hedera Hashgraph were among the top gainers on Friday as Bitcoin found resistance at $97,000. EOS (EOS) surged to $0.9570, rising over 36% from its December low and pushing its valuation to more than $1.2 billion. The token’s jump was driven by Binance’s announcement of an APR boost airdrop through the BNSOL Super Stake program. The boost will begin on January 6 and run through January 20, with users set to receive 320,656 EOS tokens valued at nearly $300,000. We’re excited to announce…

Solana Breaks Above Daily Downtrend – Analyst Expects New ATH Soon

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Este artículo también está disponible en español. Solana has kicked off the year with an impressive 12% surge, reaching the pivotal $210 level and reigniting investor optimism. This rally comes as market sentiment shifts positively, fueling a broader resurgence in altcoins. With Solana now gaining significant traction, many are asking whether this marks the beginning of a massive rally for the high-performance blockchain. Related Reading Top analyst Jelle recently shared a technical analysis on X, highlighting a critical development in Solana’s price action. According to Jelle, SOL has successfully broken…